ALEXANDRIA, Va. — Net income for the NCUSIF came in $7.9 million over projections due to less than anticipated operating expenses and insurance losses.
The fund's gross income was $77.9 million, under the $78.2 million budgeted. However, operating expenses were $2.5 million under budget while insurance losses totaled only $300,000, below the $6 million budgeted.
Currently, the NCUSIF has more than $3 million in short-term investments (less than one year), which they plan to distribute more evenly among longer-term investments as they mature.
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